Lawn & Garden Equipment Market Size, Share, Growth Analysis, By Type(Lawn Mowers, Chainsaws, Cutters, Shredders), By Power(Manual, Electric, Gas), By End User(Residential, Playgrounds, Golf Courses), By Region - Industry Forecast 2024-2031

In terms of market share, North America dominated the global lawn and garden equipment market in 2021. This is due to the region's significant presence of top industry players like Deere & Company, the Toro Company, and others. Due to its autonomy, this equipment allows end users to carry out gardening tasks in a shorter amount of time. For instance, John Deere will commemorate 25 years of producing its ZTrakTM commercial zero-turn mower line at the 2021 GIE+EXPO, continuing a tradition of innovation and quality that began in 1997 with the introduction of the F620 and F680 zero-turn mowers. With the recent introduction of the FastbackTM PRO Rear-Discharge Mower Deck, which provides time-saving solutions for professional landscapers, the brand continues to expand on its dedication to effective and efficient commercial landscaping options.

One of the major markets for lawn and garden tractors in the world is the United States. The United States is a potential export market for several Asian suppliers. Due to vast yards, a fondness for outdoor living spaces, expansive golf courses, and sporting fields, and other factors, average American households spend more on lawn and gardening equipment. The nation spent an average of 155.07 dollars per consumer unit on lawn and garden goods in 2020.

The region with the highest growth rate throughout the projection period is Asia Pacific. It is mostly related to real estate owners' rising commercial and residential development operations. For instance, India's construction business includes both the real estate and the urban development sectors. Residential, office, retail, hotels, and theme parks are all included in the real estate section. While the segment of urban development includes sub-segments like water supply, sanitation, urban transportation, schools, and healthcare. Between April 2000 and March 2022, FDI in the construction development sector (townships, housing, built-up infrastructure, and construction development projects) was $27.97 billion and $26.20 billion, respectively.